Washington-based Farmers New World Life Insurance has expanded its production with StoneRiver's LifeSuite Automated Underwriting solution, which is live in a number of Farmers Life locations.
Farmers Life vice president and chief underwriter Darlene Robinson said that they requested a good number of enhancements to the system, which StoneRiver was able to incorporate into the system.
The new solution was selected on the basis of the use of ACORD standards and StoneRiver’s LifeSuite was implemented on time and within budget.
Farmers New World Life Insurance Company provides personal property casualty insurance in the US as well as a wide range of life insurance products, from a fully flexible universal life product to traditional term and whole life plans and annuities.
StoneRiver delivers the industry’s technology solutions and services to insurance carriers, agents, and broker-dealers offering front-office, policy, claim, rating, underwriting, billing, reinsurance, financial and compliance solutions for all major business lines.